JPMorgan to Expand JPM Coin Across Blockchains Starting With Canton

TheNewsCryptoPublished on 2026-01-09Last updated on 2026-01-09

Abstract

JPMorgan is expanding its JPM Coin deposit token to multiple blockchain networks, starting with the Canton Network, as part of a broader strategy to build an interoperable digital money system. JPM Coin represents U.S. dollar deposits held at the bank and is currently operational on Coinbase’s Ethereum Layer 2 network, Base. The expansion aims to enable near-instant value transfers across financial markets in a secure, regulated environment. Access is restricted to whitelisted institutional wallets to ensure compliance. Unlike JPMorgan’s private Kinaxis network—which supports multi-currency cross-border payments for clients like Siemens—JPM Coin operates entirely on public blockchain infrastructure, with all transactions recorded on-chain.

JPMorgan is planning to widen its blockchain payment infrastructure by taking its JPM Coin deposit token to various blockchain networks. The expansion is set to be initiated with the Canton Network.

After this, other platforms will be the target, as the firm targets making an interoperable digital money system. JPM Coin depicts U.S. dollar deposits held at the bank. Institutional clients can use the token to make payments on distributed ledgers.

The token currently uses Base, an Ethereum Layer 2 network made by Coinbase, for its operation. A spokesperson from JPMorgan revealed that the expansion will make regulated interoperable digital money.

The system will also permit near-instant value transfers over financial markets. Institutions leveraging Canton will be capable of receiving, transferring and redeeming JPMD swiftly within a safe environment.

The bank only permits whitelisted wallet addresses handled by institutional clients to use JPM Coin to ensure compliance and control. The limitations obstruct access while preserving security standards.

Delving Deep into JPM Coin

JPM Coin is not like other blockchain products of JPMorgan. The token isn’t built on the bank’s Kinexys network. The spokesperson reveals that JPM Coin has never been offered on private or permissioned infrastructure.

The Kinexys Digital Payments network was introduced in 2019, offering blockchain deposit accounts for institutional clients. These accounts permit 24/7 cross-border foreign exchange payments in USD, EUR and GBP.

Siemens leverages this system for international money transfers. The firm preserves Blockchain Deposit Accounts in Frankfurt and New York. These accounts permit Siemens to offer near-instant USD-to-EUR foreign exchange payments.

The system aids Siemens in beating restricted settlement windows. This enhances productivity for the company’s global business operations. The technology backs multi-currency, cross-border payments and liquidity management with the treasury platform of Siemens.

JPM Coin works completely on public blockchain infrastructure; when a client trades the token, the transaction is listed directly on-chain. This is not similar to traditional banking systems that leverage private databases.

Highlighted Crypto News Today:

Ethereum Struggles Below $3,300 as US Demand and ETF Flows Weaken

Platform Token Surges 15-Fold in Half a Month, Pons Tops Both Token Issuance and Trading on Robinhood Chain

The article details the rapid rise of Pons as the leading token launch and trading platform on Robinhood Chain. Following NOXA's halt of new token issuance, several platforms vied for the resulting traffic. By mid-July, Pons surged ahead, achieving the highest daily token creation volume (over 15,000 tokens on July 15th) and soon after capturing the largest daily trading volume ($40.7M on July 18th), consistently maintaining both top positions. Pons's key advantage is its streamlined, single-transaction process that deploys a token's contract and its Uniswap V3 liquidity pool simultaneously, eliminating the need for bonding curves or subsequent DEX migrations. This simplicity caters to the demand for fast, low-cost launches on Robinhood Chain. The platform's native token, PONS, played a pivotal role in its growth, experiencing a price surge of over 15x from mid-July. A tokenomics model that uses 80% of protocol fees to buy back and burn PONS has contributed to its value and heightened platform visibility. Looking ahead, Pons V2 aims to expand beyond meme tokens by integrating support for paying transaction fees with assets like USDG or RWA tokens, aligning with Robinhood Chain's focus on on-chain finance and real-world assets.

marsbit39m ago

Platform Token Surges 15-Fold in Half a Month, Pons Tops Both Token Issuance and Trading on Robinhood Chain

marsbit39m ago

Apple's Q3 Results Largely Meet Expectations, Supply and Memory Pressure Drive After-Hours Drop of 6%

Apple's Q3 (FY2026) earnings largely met expectations, but weak guidance and rising costs drove the stock down 6.3% after hours. Revenue of $109.42B slightly beat estimates, and EPS of $2.02 was boosted by a $0.11 tariff refund. Core EPS was $1.91, aligning with forecasts. iPhone and Mac sales were strong, but iPad and Services revenue fell short. Greater China growth slowed. The outlook for the next quarter is concerning. Apple guided for 9-11% revenue growth, below the ~12% consensus, citing significant supply constraints for iPhones, Macs, and iPads due to advanced chip shortages. Gross margin guidance of 47-48% includes a 1-point tariff benefit, implying a core margin of 46-47%, down from 48.1% this quarter. Management highlighted rising memory costs as a major pressure point. While Apple's AI initiatives like Siri are progressing, monetization remains early. With the stock near all-time highs, the combination of in-line results, segment weaknesses, and a cautious outlook triggered significant profit-taking. The focus has shifted from resilient demand to supply chain execution and cost management.

marsbit43m ago

Apple's Q3 Results Largely Meet Expectations, Supply and Memory Pressure Drive After-Hours Drop of 6%

marsbit43m ago

Platform Token Soars 15x in Half a Month, Pons Tops Robinhood Chain Charts for Both Token Launches and Trading

In just half a month, the Pons platform token (PONS) surged over 15x in value as Pons solidified its position as the leading token launch and trading platform on Robinhood Chain, capturing both the highest daily token creation volume and transaction volume. Following the exit of previous leader NOXA, competition initially favored Flap before Pons emerged dominant around mid-July. By July 26th, Pons accounted for 77.1% of total trading volume across all Robinhood Chain launchpads. Pons's success is attributed to its streamlined, one-transaction process for deploying a token contract and its corresponding Uniswap V3 liquidity pool simultaneously, eliminating the need for bonding curves or complex migrations. This simplicity, combined with low creation costs and immediate tradability, attracted significant creation activity and speculative trading. The meteoric rise of its native token, PONS, further fueled platform growth. A tokenomics model directing 80% of protocol fees to buy back and burn PONS created a reinforcing cycle: platform usage boosted PONS value, which in turn attracted more users. Looking ahead, Pons V2 aims to expand beyond meme tokens by integrating support for paying fees in stablecoins (USDG) and RWA assets, aligning with Robinhood Chain's broader focus on on-chain finance and stock tokens.

Odaily星球日报44m ago

Platform Token Soars 15x in Half a Month, Pons Tops Robinhood Chain Charts for Both Token Launches and Trading

Odaily星球日报44m ago

Qualcomm Chip Price Hike Deals a Blow to Android Phones

Qualcomm has officially announced a new round of price increases for its entire chip portfolio, effective September 1. The hikes, reaching up to 18% for the flagship Snapdragon 8 Elite Gen 6 Pro, follow similar moves by MediaTek, intensifying cost pressures on the already strained smartphone industry. CEO Cristiano Amon confirmed the plan, citing the need to offset rising industry-wide costs and restore declining profit margins. Qualcomm's Q3 FY2026 results showed a 25% drop in net profit, with mobile revenue plunging 20% year-over-year, hitting its lowest level since 2021. The surge in AI computing demand has led memory manufacturers to prioritize HBM production, creating a shortage in general-purpose DRAM and NAND Flash chips. Their prices soared by 93%-98% and 55%-60% respectively in Q1 2026, causing the memory cost share in smartphones to jump from 10%-15% to over 30%. Coupled with the soaring cost of advanced nodes like TSMC's 2nm and packaging, overall chip costs have reached historic highs. These upstream pressures are forcing downstream smartphone brands like Xiaomi, OPPO, and vivo to cut orders for mid-to-low-end models by up to 20% and use cost-saving measures like older chipsets. Reportedly, the Snapdragon 8E5 will be repurposed as a "long-lasting" chip for sub-brand phones in H2 2026. Amid this cost crisis, the Android market remains sluggish. Q2 2026 smartphone shipments in China fell 4.3% year-over-year, marking five consecutive quarters of decline. Major Android brands saw market share drop, while Huawei and Apple, with their in-house chip advantages, gained share. Qualcomm is diversifying into automotive and IoT sectors to reduce reliance on smartphones, but these new segments cannot yet fill the mobile revenue gap. Industry observers warn that the full impact of component cost hikes will hit in the second half of 2026, likely leading to higher-than-expected price increases for Android flagships and a further contraction in the Chinese smartphone market.

marsbit55m ago

Qualcomm Chip Price Hike Deals a Blow to Android Phones

marsbit55m ago

Breaking: GPT-5.6 Prices Slashed Effective Today

OpenAI has announced significant price cuts for its GPT-5.6 model API, effective immediately. The entry-level **GPT-5.6 Luna** sees the most drastic reduction, with input prices dropping 80% to $0.20 per million tokens and output prices falling to $1.20 per million tokens. The mid-tier **GPT-5.6 Terra** is reduced by 20%, now costing $2.00 (input) and $12.00 (output) per million tokens. The flagship **GPT-5.6 Sol** maintains its original price but introduces a new **Fast mode**, offering speeds up to 2.5 times faster for double the cost. The company attributes these price reductions to efficiency gains achieved through **GPT-5.6 Sol's own involvement in optimizing its production systems**. The model assisted in rewriting GPU kernels and improving speculative decoding, leading to a 20% reduction in end-to-end service costs and over 15% improvement in token generation efficiency. OpenAI emphasizes this process remained human-led. A key focus of the降价 is to lower the barrier for running **AI agent workflows**. By making the capable, tool-calling Luna model significantly cheaper, OpenAI aims to enable more frequent use in cost-sensitive, high-volume tasks like code review and monitoring. This creates a potential feedback loop: model-assisted efficiency gains lead to lower costs, which enables broader agent deployment, which in turn drives further optimization. The new pricing and features will also apply to Codex and ChatGPT Work subscriptions. The changes intensify competition in the large language model market, with OpenAI directly challenging rivals like Anthropic to respond.

marsbit1h ago

Breaking: GPT-5.6 Prices Slashed Effective Today

marsbit1h ago

Trading

Spot

JPMorgan to Expand JPM Coin Across Blockchains Starting With Canton

Abstract

Delving Deep into JPM Coin

Related Questions

Related Reads